Stanley Black & Decker (NYSE:SWK) Upgraded at Mizuho

Mizuho upgraded shares of Stanley Black & Decker (NYSE:SWK) from a neutral rating to an outperform rating in a report released on Thursday, MarketBeat.com reports. The brokerage currently has $110.00 target price on the industrial products company’s stock.

SWK has been the subject of a number of other research reports. The Goldman Sachs Group increased their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $103.25.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $82.00 on Thursday. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a market cap of $12.64 billion, a P/E ratio of -59.85, a PEG ratio of 2.24 and a beta of 1.23. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $91.47 and a 200 day moving average price of $93.49.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Sell-side analysts predict that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently made changes to their positions in SWK. Clean Energy Transition LLP boosted its holdings in Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares in the last quarter. State Street Corp boosted its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after acquiring an additional 390,941 shares during the period. FMR LLC raised its holdings in Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.